• Another Senior Care REIT Files for IPO

    Another senior care REIT is eyeing the public markets after filing a registration statement with the SEC for a proposed offering of Class A common stock. National Healthcare Properties’ offering remains subject to market conditions and other customary conditions, and the number of shares and pricing range have not yet been determined. And if... Read More »
  • SLIB Handles High-Quality SNF Sale in Texas

    Matthew Alley of Senior Living Investment Brokerage handled the sale of a high-quality skilled nursing facility in Lubbock, Texas. Built in 2010 and 2013, Crown Point Health Suites features 108 beds and is well maintained. It also performed strongly, with a 20% margin on nearly $14.5 million of revenues, and an 86% occupancy rate. Its independent... Read More »
  • Jaybird Senior Living Acquires Multi-State Portfolio

    An affiliate of Jaybird Senior Living, Jaybird Capital, acquired five senior living communities across Utah, Wisconsin and Minnesota. Jaybird assumed management of the communities in October and stabilized them before executing on the purchase. The company is currently targeting the addition of 15 more communities to its portfolio throughout the... Read More »
  • Newly Formed Investment Firm Enters Senior Care

    An 84-unit assisted living/memory care community in Jacksonville Beach, Florida, recently traded with the help of Continuum Advisors, which represented the institutional joint venture seller. Built in 2014, Beach House has 64 assisted living and 20 memory care units, with 100 licensed beds. It is situated on a barrier island near some of the most... Read More »
  • Seller Divests Geographic Outlier to Large Owner/Operator

    Senior Living Investment Brokerage announced that it sold a well-occupied seniors housing community in Oregon. The building is on an acre in Sheridan, and comprises 44,805 square feet. It was developed in 1996 and features 53 assisted living units. The community was 94% occupied at the time of closing.  Jason Punzel, Vince Viverito, Jake... Read More »
Invesque Expands with Virginia Acquisition

Invesque Expands with Virginia Acquisition

Toronto, Canada-based Invesque (TSX: IVQ) announced it has entered into an agreement to purchase 20 assisted living and memory care communities from Commonwealth Senior Living for $340.4 million, or about $236,400 per unit. All but one of the communities are in Virginia, with one in Pennsylvania. Of the total units, 863 are assisted living, 486 are memory care, and 91 are independent living, for a total of 1,440 (1,716 licensed beds). In addition, Invesque has an exclusive right of first offer for three additional communities that are currently managed by Commonwealth and will continue to be after the closing, which is expected in the third quarter. The deal increases Invesque’s AL/MC... Read More »
Will New Records Be Set in 2018?

Will New Records Be Set in 2018?

On Thursday, February 15, our Editor Steve Monroe moderated a 90-minute webinar titled “Will New Records Be Set? The Numbers, the Deals, the Stats on all Seniors Housing and Care M&A,” with a panel of experts to discuss the 2017 seniors housing and care M&A market, with pricing statistics from our upcoming Senior Care Acquisition Report, to be published next month. There were a few records set in 2017 (for details on those records, check out either the webinar or the Report), but with labor, occupancy, overdevelopment and interest rate headwinds facing the seniors housing and care industry, would that robust M&A market continue into 2018? That’s what our panel of experts,... Read More »

Capital Healthcare Investments Doubles In Size

Capital Healthcare Investments (CHI), a wholly-owned subsidiary of MTGE Investment Corp., a publicly traded hybrid REIT, has purchased a portfolio of nine skilled nursing facilities in Virginia with about 1,050 beds. The transaction almost doubles the size of CHI’s portfolio, which now includes 14 skilled nursing facilities and six mostly assisted living/memory care communities. The purchase price was $130 million, or close to $124,000 per bed. Why the high price? The average age is just 15 years and the occupancy is in the low 90s. Five of the nine properties were built in the past 10 years. The facilities will be leased back to the seller under a 15-year lease with two five-year renewals... Read More »
The votes are in!

The votes are in!

We held our annual Senior Care M&A Outlook webinar last Thursday, which featured a discussion between our editor Steve Monroe, John Cobb, CIO of Ventas, Inc., Scott Kremeier, Senior Vice President at Houlihan Lokey, and Ryan Maconachy, Senior Managing Director at HFF. In it, the panelists discussed how the seniors housing and care M&A market fared in 2015 (based on statistics in our soon-to-be released Senior Care Acquisition Report, 21st Edition) as well as their thoughts on what would happen in 2016. We asked the audience their thoughts on the 2016 M&A market too. First, when asked “Will senior care M&A slow this year?” a majority of attendees (58%) thought that it would,... Read More »